I think this can be... interesting? Trying to give more power and autonomy to individual teams is nice (there were some efforts that tried explicitly to map things to some kind of free market model). Sometimes higher-ups would be like "hey we're all gonna migrate to technology X" but individual teams were like "lol nah the new thing sucks" and keep using it and nothing really ever happened. But I think that attitude also kinda opened the door for a large political/influence market. And there's not _real_ market pressures on individual teams that I think tend to keep the actual free market a little closer to ground truth.
This all reminds me of a critique I'd heard of flat organizations, which is that all groups of people are going to have power structures, and by not formalizing them, all you're doing is allowing them to opaquely evolve in strange ways on their own.
I really wish that someone could study internal Google politics and actually understand it and map it all out.